Umeme Limited has announced that it will pay an interim dividend of Ushs 222 per ordinary share to its shareholders. The payment will be made on or before 31st July 2025 to all shareholders registered in the company’s books by close of business on 14th July 2025.

The notice issued on 24th, June, 2025 by the Board of Directors, stated that the dividend will be subject to withholding tax where applicable. Shareholders have been advised to update their bank or mobile money details with the Share Registrar, Custody and Registrar Services Uganda Limited, to ensure smooth payment.

“The Board of Directors of Umeme Limited is pleased to announce the declaration of an interim dividend of Ushs 222 per ordinary share, subject to deduction of withholding tax where applicable,” the notice read in part.

This dividend comes at a time when Umeme is transitioning after its 20-year electricity distribution concession with the Ugandan government ended in February 2025. Meanwhile, Umeme is pursuing arbitration in London over the final payment for the buyout of its concession. The company claims it is owed $292 million in addition to the $118 million already received.

As of 24th June 2025, Umeme shares are trading at 415.00 on the Uganda Securities Exchange, with no change recorded that day. On the Nairobi Securities Exchange, Umeme’s stock closed at 19.25, marking a significant rise of 6.90 points or 55.87%, reflecting strong investor interest.

The sharp increase in Umeme’s share price on the Nairobi Securities Exchange may reflect investor speculation around the ongoing arbitration case and the potential payout the company could receive.

Although Umeme no longer generates income following the end of its operations in Uganda, the dividend declaration and legal claim for an additional $292 million may have encouraged optimism about possible returns. In contrast, the flat price on the Uganda Securities Exchange could suggest that local investors are taking a more cautious view.